Legato Capital Management LLC Has $856,000 Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Legato Capital Management LLC decreased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,915 shares of the business services provider's stock after selling 54,348 shares during the period. Legato Capital Management LLC owned about 0.12% of Healthcare Services Group worth $856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Healthcare Services Group by 10.6% during the fourth quarter. American Century Companies Inc. now owns 155,777 shares of the business services provider's stock valued at $1,809,000 after acquiring an additional 14,948 shares during the last quarter. Sei Investments Co. raised its stake in shares of Healthcare Services Group by 29.5% during the fourth quarter. Sei Investments Co. now owns 78,754 shares of the business services provider's stock valued at $915,000 after acquiring an additional 17,924 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Healthcare Services Group during the fourth quarter valued at $167,000. LPL Financial LLC raised its stake in shares of Healthcare Services Group by 45.6% during the fourth quarter. LPL Financial LLC now owns 21,048 shares of the business services provider's stock valued at $244,000 after acquiring an additional 6,591 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Healthcare Services Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider's stock valued at $96,133,000 after acquiring an additional 23,373 shares during the last quarter. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Down 2.9%

NASDAQ:HCSG traded down $0.39 during trading hours on Friday, reaching $13.25. The company had a trading volume of 950,040 shares, compared to its average volume of 905,933. The firm has a market cap of $966.19 million, a price-to-earnings ratio of 94.64 and a beta of 0.57. The business's 50-day simple moving average is $14.31 and its two-hundred day simple moving average is $12.34. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $15.73.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $458.50 million during the quarter, compared to analysts' expectations of $450.78 million. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.20 earnings per share. As a group, equities analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HCSG. UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Robert W. Baird lifted their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Macquarie lifted their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Benchmark lifted their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Healthcare Services Group presently has an average rating of "Moderate Buy" and a consensus target price of $15.60.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.